Hotel Feasibility Study in the Tallahassee, FL Metro Area

Hotels first in Leon County

In Tallahassee, FL the top-ranked class among 39 is hotels and motels, with a location quotient of 3.88x that nearly quadruples their national share of lending. The files hold 28 hotel loans for FY2017 to FY2026, adding to $72.0 million, with Leon County accounting for 16. The metro is 81 of 807 in the ordering by area. A median of $2.3 million sits at 1.08x the nationwide hotel loan, with half of loans between $1.8 million and $3.6 million. No metric is called distinctive.

Flags and programs

Franchise affiliation is 75.0% of loans. Tallahassee hotels split 20 to 8 between SBA 7(a) and SBA 504, leaning toward 7(a). No lender reaches five loans, so none is named. FY2017 prints 5 loans and $13.3 million and FY2018 prints 5 loans and $15.6 million; the later years are blank for want of volume, which is different from none, so the page cannot say whether lending continued or faded. Leon County is the only county the files name, so a study can treat the metro's record as the record of one local market.

Rates not shown

Tallahassee's loans for FY2017 to FY2021 number fewer than 30, so under Loan Analytics' own rule neither outcome rate prints.

Testing a Tallahassee hotel

A study should open with the franchise agreement, since three of every four loans are branded: fees, required improvements and the term against the loan. The market work follows: occupancy and average rate against nearby comparables, how the year's demand is spread over the seasons, room-level operating cost, and coverage of debt in a soft quarter. At a median above $2.3 million, the valuation turns on the income approach, and the study's forecast must match it. Lodging is coded once, so limited-service and full-service hotels share the same line in this record. Concentration in a single county means local evidence on demand should come from sources specific to that county, not from the national ratio. A loan counts toward this metro through its project county; the page promises no approval. Nothing here predicts whether new rooms would fill.